I personally use them, but I did adjusted some of the terms and clauses to better fit my specific situation. 

Is the title of your post to be why AREN’T more people investing there or is it truly why are they?

If she lives in the home as her primary residence while also being on title, the IRS could disallow rental losses due to personal use.A valid lease at market rate and her removal from title would strengthen her position to claim active participation and depreciation on the rental portion.Title Structuring and LLC Transfer:Removing your daughter (and spouse) from title and transferring to a single-member LLC (SMLLC) in your husband's name aligns with IRS guidance and simplifies the REP claim.Transferring to an LLC may trigger a transfer tax depending on your state/county, but could be worthwhile for legal protection and tax clarity.If structured properly, there's no federal income tax when transferring to a disregarded SMLLC (for a single owner).Future Gifting & Tax Planning:Gifting the home later to your daughter will not get a step-up in basis.

Have you talked to them about a short sale if it's underwater ?

Hi BP community,I’m currently in contract with a duplex that I plan to house back.

Mainly the “proximity to campus” thing it kept repeating- the majority of BU students do not live near the campus, but rather in the near West Side, or downtown for some more expensive options.

They were going to list it for sale due to parents passing, and they did not live in the area.

@Philip Meza,Has to be Manager Managed.It looks like you are trying to set this up yourself, and that is a bad idea.

I have not had any direct communication with her, but rent is now 7 days late.

I like to keep it simple by focusing on three things: rent comps, reno scope, and making sure the numbers actually work.